Credible, a student loan marketplace, raised a $10 million Series A led by Soul Htite with participation from Ron Suber and Scott Langmack.
Founded in 2012, Credible previously raised $2.7 million in seed funding. The startup offers personalized refinancing offers from numerous lenders.
Earlier this months student loan marketplace CommonBond raised a $35 million Series B.
Credible Closes $10 Million in Series A Funding, Signaling A New Era Of Transparency In Student Lending
Credible answers the increasing demand for choice in online lending
September 30, 2015 08:00 AM Eastern Daylight Time
SAN FRANCISCO–(BUSINESS WIRE)–Credible (credible.com), the multi-lender student loan marketplace, allows borrowers to receive competitive loan offers from its vetted lending partners. Credible’s goal is to empower borrowers with more options to finance and refinance their student loans. The $10 million in Series A funding is led by Soul Htite, Founder & CEO of Dianrong.com and Co-founder of LendingClub, with participation from Ron Suber, President of Prosper, and online lending pioneer Scott Langmack.
“The speed of innovation occurring in financial services has created a once in a generation opportunity”
“We’re building Credible for the future of online lending – providing borrowers with choice, better information, and simplicity of process,” said Stephen Dash, Founder & CEO of Credible. “Simply put, we are making student loans more fair. In Soul, Ron and Scott, we have three of the most experienced individuals in online lending which will allow us to accelerate our growth.”
As an independent, multi-lender marketplace that has been adopted by some of the most prestigious organizations in the country, including the American Medical Association, the American Pharmacists Association, and Georgia Tech Alumni Association, Credible provides borrowers with unbiased information and multiple offers from its lending partners.
“The speed of innovation occurring in financial services has created a once in a generation opportunity,” said Soul Htite. “Credible’s unique model is fundamentally changing the dynamics of the loan selection process. We see Credible as a core fixture of the next phase of online lending.”
Credible’s founding principle is to provide borrowers the level of transparency they deserve.
As a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted lenders, Credible empowers consumers to take control of their student loans. Borrowers can fill out one form, then receive and compare personalized offers from numerous lenders and choose which best serves their individual needs.
Credible is fiercely independent, committed to delivering fair and unbiased solutions in student lending.
Existing investors include Mark Goines, Carthona Capital, Redbus Group, and Bruce Gibney.
Kristen Caron, 978-407-9283